JK Cement invites objections to Toshali Cements amalgamation

JK Cement has announced a notice inviting objections to its amalgamation scheme with Toshali Cements Private Limited, a wholly-owned subsidiary, following an order from the NCLT's Allahabad Bench on March 5, 2025. The announcement, dated March 24, 2025, is addressed to the secured and unsecured creditors of JK Cement. The NCLT has directed JK Cement to publish notice of the proposed amalgamation on the company's website and inform the stock exchanges to publish on their portals to invite creditors to submit objections/comments within 30 days of publication. Details of the scheme and the tribunal order are available on JK Cement's website and the NCLT website. JK Cement's equity shares are listed on the Bombay Stock Exchange (BSE: 532644) and the National Stock Exchange (JKCEMENT). The company emphasizes that this amalgamation aims to improve synergies, cost efficiency, and overall value creation.